By: Jillian Wilson
Iowa business owners could soon save a lot of money.
The state senate has approved a plan to cut commercial property tax by ten percent.
Business owners we talked to say the cuts will give them an edge.
"As a small business owner anything you can do to help reinvest money back into the operation is good news," says Ryan Burchett, Owner, Mississippi River Distilling Company.
The plan will also provide property tax credits for smaller businesses.
"Any chance you have to reduce that debt or tax load is just going to help spur the economy locally," says Burchett.
Business owners from the Mississippi River Distilling Company and Razzleberries in Leclaire say their community runs on small businesses.
"Wonderful. Anything can help. We all are trying very hard to be here to survive to make our local towns pleasurable and affordable for everybody and if its affordable for us, it's going to be a trickle down and a trickle up for both," says Mary Chambers, Owner, Razzleberries.
As for non-business owners, they're also on board with the cuts.
"It sounds like it would be beneficial to the businessman and that's what this town really thrives on this stretch of road right here with all these shops and businesses, so I think if its beneficial to the business person, I'm all for it," says Brian Duggan, LeClaire resident.
Folks from LeClaire say the plan would make it a no brainer when it comes to picking a side of the river to start a business.
"If I'm able to put a little more money into my own shop or improve anything or purchase more gifts or provide free services, it can only benefit everybody," says Chambers.
The bill now moves to the state house for approval.